VanEck's tokenized Treasury fund, issued by Securitize, has launched on the Euler lending platform, allowing investors to utilize tokenized U.S. Treasuries as collateral. This development signifies a broader trend where decentralized finance (DeFi) protocols are adapting to the needs of institutional investors. Graham Ferguson, head of ecosystem at Securitize, emphasized that DeFi platforms are redesigning their systems to accommodate regulated assets. The tokenized asset market is anticipated to expand significantly, with Standard Chartered estimating $2 trillion by 2028 and BCG and Ripple projecting $18.9 trillion by 2033. Euler, which has over $320 million in assets, has transitioned from a fully permissionless protocol to one that supports institutional use cases, integrating Securitize’s DS Protocol to facilitate compliance with investor eligibility and transfer restrictions. This evolution highlights the increasing interest from traditional finance in tokenized assets, as firms seek yield-bearing onchain collateral.